Well, finallllly my Variable Annuity cancellation has gone thru & the $100K is back in the 403(b) Ameriprise MF account! I "gained" over 250 shares in the process due to a change in share prices. However, I lost out on the gain that the VA had, as well as lost the dividends that would have been posted on the MF account if I hadn't stupidly purchased the VA. Oh, well...... water under the bridge & all that.
So, I have been reading a lot here on the FIRE forum, following tangential links, as well as other investing/financial information sources trying to gain some level of confidence in taking the next step. That next step is rolling over all of my retirement next egg (~$235K) from the 403(b) Ameriprise account to an IRA "somewhere else".
I am 59 (for a few more months), DH still working, but I am not. We don't plan to offically retire until age 65, so I won't be using any of this money for at least 5 years & possibly even longer, as we'll both have SS + pensions.
I have the perception from many here that Fidelity & Vg both have reputable products. I think I would like to put some (?all) of this money in either a Fidelity Freedom Fund 2010 vs a Vanguard Target Retirement Fund 2010. I am strongly leaning towards Fidelity's, because it has a longer history (10/96) & a M* rating of 5, compared to Vg's 6/06 inception with no M* rating.
This is probably an stupid question (can you tell I'm *such* a novice!), but is that enough info
to make a decision between the 2? I mean, I've looked @ R2, beta, SD, turnover rate and have some understanding (WOW!) of what those #'s mean & Fido numbers seem acceptable to me. I've really crammed a lot of new info into my brain (ouch!) in the last few weeks, but that "education" doesn't necessarily = confident decision making.
Second, is it a good, bad, or neutral to put all my eggs in one basket (Fido) with regards to this roll-over? I read something about if you split it between 2 like-funds you'll get duplication or overlap of your diversification. So this made me think I should probably just go with just one.
I hope I have made sense here.
I would really, really appreciate any feedback, opinions, suggestions, or questions you care to give. THANKS!